Open Banking

Open banking is a financial services term as part of financial technology that refers to: The use of open APIs that enable third-party developers to build applications and services around the financial institution. Greater financial transparency options for account holders ranging from open data to private data.

Open Banking Weekly: Europe Gives Glimpse Into the Future of Open Finance

Open Banking Weekly: Europe Gives Glimpse Into the Future of Open Finance
Open Banking Weekly: Europe Gives Glimpse Into the Future of Open Finance
July 08, 2022  |  Banking

The phrase open finance refers to a broadening of the original remit of open banking to include a greater range of services. In the context...

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PSD3 Set to Mandate API Standardization
PSD3 Set to Mandate API Standardization
July 06, 2022  |  API

Last month, the European Banking Authority (EBA) published a response to the European Commission’s call for advice on the upcoming review of the revised Payment...

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Turkish FinTechs See Growing Business Opportunities in Neighboring Europe
Turkish FinTechs See Growing Business Opportunities in Neighboring Europe
July 06, 2022  |  Business

Turkey has always been a bridge between continents, but while most of the country’s landmass is located on the Asian side of the continental divide,...

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Paytrail, Mastercard Partnership Boosts Open Banking in eCommerce
Paytrail, Mastercard Partnership Boosts Open Banking in eCommerce
July 05, 2022  |  Partnerships

Paytrail, a Finnish online payment company, announced Monday (July 4) that its partnership with Mastercard is helping facilitate more than 1 million open banking payments...

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Mono Grows Nigerian Open Banking Platform Into Kenya
Mono Grows Nigerian Open Banking Platform Into Kenya
July 05, 2022  |  Startups

Nigerian open banking startup Mono, which gives customers access to financial data and bank payments for digital businesses across Africa through its infrastructure, has added...

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GoCardless Secures Goes Open Banking With Nordigen Buy
GoCardless Secures Goes Open Banking With Nordigen Buy
July 01, 2022  |  Acquisitions

Digital payment solution GoCardless is to acquire Nordigen, an open banking data provider. In merging, the companies connect the two pillars of open banking: account-to-account...

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Weekly TechREG EMEA: EU Agrees on Crypto Regulation With Strict Controls on Stablecoins; EU Banking Regulator Proposes Standard APIs To Boost Open Banking 
Weekly TechREG EMEA: EU Agrees on Crypto Regulation With Strict Controls on Stablecoins; EU Banking...
July 01, 2022  |  Regulation

This week the most notorious development in the TechREG space is the agreement reached by EU institutions on the scope of the regulation that will...

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Banks Leap From Legacy Core Systems to Innovation, Real-Time Capability
Banks Leap From Legacy Core Systems to Innovation, Real-Time Capability
July 01, 2022  |  Banking

In the world of open banking and open finance, core banking systems are no longer just a concern for the world’s biggest banks. Get the...

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UK Seeks Guidance on New Open Banking Roadmap, Regulator
UK Seeks Guidance on New Open Banking Roadmap, Regulator
June 29, 2022  |  Bank Regulation

Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of...

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